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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
TechSpotify

Spotify Just Bought a Startup That Gathers Fan Photos and Videos From Concerts

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Kia Kokalitcheva
Kia Kokalitcheva
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By
Kia Kokalitcheva
Kia Kokalitcheva
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April 27, 2016, 2:15 PM ET
Spotify Announces Addition Of Video To Its Streaming Services
NEW YORK, NY - MAY 20: Daniel Ek, CEO and Founder of Spotify, speaks at a media event announcing updates to the music streaming application Spotify on May 20, 2015 in New York City. The latest updates include the ability to stream video content, podcasts and radio programs as well as original songs for the application. (Photo by Andrew Burton/Getty Images)Photograph by Andrew Burton — Getty Images
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Spotify has acquired CrowdAlbum, a startup that aggregates photos and videos from concerts, Spotify said on Wednesday.

Terms of the deal were not disclosed, but Spotify says that CrowdAlbum will help it continue to build products and tools for musicians to interact with their fans and better understand their preferences and behaviors.

Founded in 2013, CrowdAlbum gathers all the photos and videos shared on Twitter and Instagram without fans needing to use hashtags, presumably by using time and location data about the social media posts. The albums can then be shared and embedded by fans and music artists. CrowdAlbum says it already works with more than 1,000 artists and venue partners in the U.S.

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It’s still unclear whether Spotify will shutter CrowdAlbum’s service, a company spokeswoman told Fortune.

CrowdAlbum is only the latest acquisition by Spotify aimed at helping it build more social features for artists and fans. In January, it announced it had acquired SoundWave and Cord, two startups with a common theme of encouraging online social interaction between users. Soundwave used group messaging and playlists to let users discuss music, while Cord let users send and receive short voice messages in a text messaging-like way. Both SoundWave and Cord have since been shut down.

Spotify’s main rival, Apple Music, has a service called Connect that lets music artists interact with fans and share content with them.

CrowdAblbum will join the Spotify team responsible for building tools for music artists. It recently released Concerts, which promotes shows to relevant fans, and Spotify Fan Insights, which provides data to artists about their fans’ demographics, geographic spread, and the number of times people have listened to their music.

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